The metals & mining industry closed the day up 5.5%. Ossen Innovation ( OSN), Agnico-Eagle Mines ( AEM), Kingold Jewelry Inc ( KGJI), and Anooraq Resources Corporation ( ANO) were all decliners today within the metals & mining industry with Great Basin Gold ( GBG) being today's featured metals & mining loser. Great Basin Gold fell 5 cents (-3.3%) to $1.49 on heavy volume. Throughout the day, 5.2 million shares of Great Basin Gold exchanged hands as compared to its average daily volume of 2.9 million shares. Great Basin Gold Ltd. engages in the acquisition, exploration, and development of precious metal deposits. It explores for gold, silver, and aggregate. Great Basin Gold has a market cap of $706.7 million and is part of the basic materials sector. Shares are down 48% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Great Basin as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management.
Shares of Great Basin Gold (AMEX:GBG) were gapping down Thursday morning with an open price 10.3% lower than Wednesday's closing price. The stock closed at 78 cents yesterday and opened today's trading at 70 cents.
Great Basin Gold (AMEX:GBG) hit a new 52-week low Monday as it is currently trading at 85 cents, below its previous 52-week low of 86 cents with 473,981 shares traded as of 10:35 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.